Lumentum Holdings Inc. $LITE Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC reduced its stake in Lumentum Holdings Inc. (NASDAQ:LITE) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 363,616 shares of the technology company’s stock after selling 82,486 shares during the quarter. Lumentum accounts for 1.9% of Emerald Advisers LLC’s investment portfolio, making the stock its 5th largest position. Emerald Advisers LLC owned 0.51% of Lumentum worth $59,164,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in LITE. Advisors Asset Management Inc. raised its position in Lumentum by 36.8% in the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after purchasing an additional 254 shares during the period. NewEdge Advisors LLC grew its stake in shares of Lumentum by 109.9% in the first quarter. NewEdge Advisors LLC now owns 11,986 shares of the technology company’s stock valued at $747,000 after buying an additional 6,275 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Lumentum by 9.1% in the 1st quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after buying an additional 680 shares during the period. GAMMA Investing LLC lifted its stake in Lumentum by 17.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,401 shares of the technology company’s stock worth $228,000 after acquiring an additional 350 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in Lumentum during the 2nd quarter valued at about $413,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Lumentum Price Performance

Shares of LITE opened at $362.44 on Thursday. The firm has a market capitalization of $25.70 billion, a price-to-earnings ratio of 243.25 and a beta of 1.51. The firm’s fifty day simple moving average is $333.76 and its 200-day simple moving average is $212.08. Lumentum Holdings Inc. has a twelve month low of $45.65 and a twelve month high of $402.79. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77.

Lumentum (NASDAQ:LITE) last posted its earnings results on Tuesday, November 4th. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. The firm had revenue of $533.80 million for the quarter, compared to analyst estimates of $525.10 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum’s revenue for the quarter was up 58.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Equities analysts forecast that Lumentum Holdings Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Julia Suzanne Johnson sold 10,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the transaction, the director directly owned 12,037 shares of the company’s stock, valued at $3,254,684.43. This trade represents a 45.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total transaction of $935,746.13. Following the sale, the director owned 10,561 shares in the company, valued at $2,888,750.33. This represents a 24.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,612 shares of company stock valued at $7,317,398 over the last three months. 0.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on LITE shares. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Needham & Company LLC lifted their price objective on shares of Lumentum to $290.00 and gave the company a “buy” rating in a report on Monday, November 24th. JPMorgan Chase & Co. increased their target price on shares of Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Rosenblatt Securities raised their price target on shares of Lumentum to $380.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Raymond James Financial lowered Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Lumentum has a consensus rating of “Moderate Buy” and a consensus price target of $241.75.

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.